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S&P Confirms Bank Austria´s Rating
Due to the downgrade of the holding company UniCredit, the U.S. rating agency retains the negative outlook for Bank Austria.
S&P Confirms Bank Austria´s Rating / Picture: © Vindobona.org
S&P confirmed the long-term rating “A” for Bank Austria as well as the short-term rating “A-1”. However, the outlook is negative, S&P announces. The negative outlooks was justified with the creditworthiness of Austria (AA+) and of the Italian holding company UniCredit. At the moment, UniCredit´s rating is “BBB+”.
Furthermore, the rating for Bank Austria´s…
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